JK Tyre & Industries is currently trading at Rs. 75.10, up by 2.50 points or 3.44% from its previous closing of Rs. 72.60 on the BSE.
The scrip opened at Rs. 75.50 and has touched a high and low of Rs. 79.30 and Rs. 74.70 respectively. So far 90992 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 106.30 on 07-Jan-2019 and a 52 week low of Rs. 53.55 on 06-Aug-2019.
Last one week high and low of the scrip stood at Rs. 79.30 and Rs. 72.25 respectively. The current market cap of the company is Rs. 1859.04 crore.
The promoters holding in the company stood at 56.23%, while Institutions and Non-Institutions held 5.05% and 38.73% respectively.
JK Tyre & Industries is expecting exports to grow around 50 percent in the ongoing fiscal (FY20) to clock over Rs 800 crore, which along with domestic replacement market will help offset the decline in direct sales to automobile makers.
Due to the ongoing slump in the Indian automobile sector, the company has seen a contribution from the Original Equipment Manufacturer (OEM) segment to its overall sales decline to around 20 percent from an earlier 32-33 percent.
JK Tyre & Industries is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors.
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